Japan – Flash Markit/JMMA Manufacturing PMI for October 52.8
- expected 51.7
- prior was 51.7
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This is the Japan data, we get China flash PMI at 0145GMT (i.e. in a few minutes)
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Key points:
Flash Japan Manufacturing PMI at 52.8 (51.7 in September).
- Modest improvement in business conditions in September.
Flash Japan Manufacturing Output Index at 52.3 (53.4 in September).
- Moderate growth for third successive month.
Amy Brownbill, Economist at Markit:
- “Latest data indicated robust growth of operating conditions for Japanese manufacturers.
- New business rose at the highest rate since February and output remained in modest growth territory for the third month in a row.
- Furthermore, payroll numbers rose fractionally during the month, following a decline in September.
- Given the upcoming decision regarding the second planned increase of sales tax to 10%, questions will turn to the sustainability of the upturn in growth over the coming months.”